BLACK FRIDAY – Free access to all RAW2020 workshops until 28.11.2020

RISK MANAGEMENT AWARENESS is the biggest online platform to learn about risk management and decision making. Amazing lineup of international speakers have recorded practical case studies on integrating risk management into decision making, planning, project management, performance management and core business processes. You can watch the workshops any time on your phone, computer or tablet. More… Continue reading BLACK FRIDAY – Free access to all RAW2020 workshops until 28.11.2020

45 risk management and decision making workshops available on demand

Every year I ask the best quant risk and decision making professionals I can find to share their models, simulations, methodologies and case studies with the public. We call it RISK AWARENESS WEEK and it runs for a week in October. Every year more than 3000 participants from 100+ countries take part and 2020 was… Continue reading 45 risk management and decision making workshops available on demand

Recommended pre-reading for the RAW2020 conference

RAW2020 is less than a month away and I wanted to share something valuable with you. During the conference you will hear many of the speakers talk about Risk Management 2 (RM2), decision science, decision quality, probability theory and other terms unfamiliar to many risk practitioners or business decision makers. These 3 things will help… Continue reading Recommended pre-reading for the RAW2020 conference

Addressing the Failure of Risk Quantification: Moving from Speculating on Project Complexity to Actually Quantifying It

https://2020.riskawarenessweek.com/talks/addressing-the-failure-of-risk-quantification-moving-from-speculating-on-project-complexity-to-actually-quantifying-it/ This report is based on the author’s recent book ‘Modern Risk Quantification in Complex Projects: Non-linear Monte Carlo and System Dynamics Methodologies’ published by Oxford University Press this year. Project practitioners and decision makers complain that both Monte Carlo and especially parametric methods fail to produce accurate project duration and cost contingencies in the… Continue reading Addressing the Failure of Risk Quantification: Moving from Speculating on Project Complexity to Actually Quantifying It

RAW2020: The Failure of Risk Management

https://2020.riskawarenessweek.com/talks/the-failure-of-risk-management/ Choices to make for your company or organization can seem overwhelming at times and the answers to hard questions may seem impossible to find. Whether your uncertain decisions are in a small company assessing a critical market opportunity, a Fortune 100 company implementing an enterprise-wide process to prioritize an entire portfolio of projects, or… Continue reading RAW2020: The Failure of Risk Management

RAW2020: Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte

https://2020.riskawarenessweek.com/talks/impact-of-covid-19-outbreak-on-top-risks/ This talk shows what has been done to assess the impact of Covid-19 pandemic outbreak on the most important risks of the company (Top Risks). The idea was that risk management should help the company to make difficult decisions during a crisis. The approach is based on quantitative risk management, in particular Monte-Carlo simulation,… Continue reading RAW2020: Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte

RAW2020: Agricultural Risk Analysis: art and science – Ariadna Berger

https://2020.riskawarenessweek.com/talks/agricultural-risk-analysis-art-and-science/ In Argentina we have been applying risk assessment and management concepts in farming for more than twenty years. Price and yield risk can be managed through diversification. Agricultural portfolios can be created by mixing different crops and/or different climate zones, soils and cultivation practices. We also apply risk management to reduce price risk through… Continue reading RAW2020: Agricultural Risk Analysis: art and science – Ariadna Berger

The better alternative to “inherent” and “residual” risk concepts

Few things are certain in life: death, taxes and someone in the risk community asking about inherent and residual risks. In fact the question is so frequent that I even did a short video response: To most organisations inherent vs residual comparison is a way to measure potential risk mitigation effectiveness and the reduction in… Continue reading The better alternative to “inherent” and “residual” risk concepts

5 red flags 🚩when just starting to implement risk management

Ok, the title is obviously irony, because no organisation on the planet is ever “just” starting to implement risk management” or “starting from scratch”. Organisations have been making risk-based decisions since the inception. Often poorly, but that’s another point altogether. And yet, far too many job advertisements I see are looking risk specialists to build… Continue reading 5 red flags 🚩when just starting to implement risk management

5 red flags 🚩when hiring a risk manager

One of the biggest issues in the risk management profession is that many, way too many, people who have the title of risk manager are not really qualified to do the job. Many don’t even have the minimum required education. Imagine a doctor who vaguely remembers doing biology in year 9 high school. Well that’s… Continue reading 5 red flags 🚩when hiring a risk manager